Ordinance 2000-91 - Laserfiche WebLink

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(c) (d) Sec. 28. (3) Automobile Liability Bodily injury and property damage $1,000,000 combined single limit each accident covering all owned, non-owned, and hired vehicles. Upon thirty (30) days notice, the insurance coverage and policy requirements may be changed and increased from time to time at the discretion of the City Commission to reflect changing liability exposure and limits. These insurance requirements may be met by evidence of participation of a bona-fide captive insurance or self insurance program that is established and regulated by a governmental entity. (e) The City may, at its option, increase or decrease policy limits set forth above, upon 60 days written notice to the Licensee. Within 60 days from receipt of notice to increase its policy limits, the Licensee shall submit to the City proof of increased coverage. Faithful Performance and Payment Bond. The Licensee shall within thirty days of the effective date of a License granted under this ordinance, furnish to the Consumer Services Department a performance bond or an irrevocable letter of credit issued by a Florida bank or a federally insured lending institution in the amount of one hundred thousand dollars ($100,000). Such bond shall be maintained by the Licensee throughout the term of the License. The Licensee shall pay all premiums and keep the bond in full effect and force at all times throughout the term of the License, including, if necessary, the time required for removal of all the Licensees' system installed in the City's streets, and for one year after the License expires or is terminated. The bond shall contain a provision that it shall not be terminated or otherwise allowed to expire without 30 days prior written notice first being given to the Director and the Risk Manager. The performance bond or letter of credit shall be used to guarantee the compliance with performance requirements and payment of all sums which may become due to the City under this chapter. The Licensee shall maintain a copy of the bond on file with the City along with written evidence of the required premiums. Sec. 29. (a) Indemnification. The Licensee shall indemnify and hold the City and its officers, directors, agents, servants, employees, successors, and assigns harmless of and from any and all claims for personal injury, death or property damage, any other losses, damages, charges or expenses, including attorneys, fees, witness fees, court costs and the reasonable value of any services rendered by any officer or employee of the City, and any orders, judgments or decrees which may be entered which arise or are alleged to have arisen out of, in connection with or attributable to, the Licensee's maintenance, occupation, placement, repair, relocation or removal by the Licensee of any portion of Telecommunications Right-of-Way Ord. LMD:ch/pwalker 4/5/00 - 12:41 PM 15